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[Comments] [Location]Design/Build Construction Services
What is Design Build? Design/Build is the method of contracting where the owner hires a competent contractor who in turn hires all other members of the design and engineering team. This form of delivery system provides full construction services under one contract. The design team works with the owner from day one to determine the owner's requirements, methods and materials and the best construction value. The result is a project with a realistic budget, little to no change orders, and the best effective design from the start.
We, at Fields Construction Co., Inc., strive to simplify the construction contracting process. We believe in accountability in order to maintain the best possible project cost. Our team of professionals promote cost savings whenever possible thus producing the highly quality product at the lowest possible cost.
Primary advantage of Design/Build
- Fast-track delivery, single-source responsibility, up-front value engineering
- Early guaranteed maximum pricing, change order reduction and fewer overall snags which cause project delays
Owners who hire Fields Construction for Design/Build look for:Contracting Options for Design/Build include:
- Quality, on time delivery, structure, customized methods and attention
- Excellent Communication, professional business philosophy, built-in tracking and project management systems.
Today more than 66 percent of all work done in the construction industry is now awarded on a negotiated design/build basis - by contrast to 33 percent only 25 years ago. According to McGraw Hill, 1995 marked the first year more contracts were awarded on a design/build basis than a plan/spec basis. Return to Top
- Stipulated Sum - This contract option is based on a lump sum dollar amount agreed upon in advance and incorporated into the contract.
- Cost Plus - Under this method, an overhead and profit margin is agreed upon in advance. Dollar amounts or percentages are expressly stipulated in the contract.
- Guaranteed Maximum Price - This method is somewhat a combination of the Stipulated Sum and Cost Plus contract. Both parties enter into a contract with an agreed "not to exceed" price.
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